REE SPAC Presentation Deck

Unique Technology & Go-To-Market Strategy Relative to New Mobility Players Revenues # of platforms Orderbook Global footprint Addressable market Strategic cooperation Tech adaptation Enterprise value RBE Pre revenue 260,000 ² ($5.1Bn) by 2026 AAM 3 Israel, US, UK, Germany HINO Class 1-6 $700Bn 5 Mitsubishi Corporation Mahindra Rise MUSASHI IOCHPE-MAXION KYB $3.1Bn RBE Confidential and Proprietary Information ACTIVAL Pre revenue 2 20,000¹ ($1.2Bn) US, UK, Germany, Russia, Netherland Class 2 & 7 $430Bn ups HYUNDAI COMAU $16.9Bn³ RIVIAN Pre revenue 2 116,000 (NA) US Class 2 & 3 ΝΑ Ford COX AUTOMOTIVE amazon -$27.6Bn 1 CAN 0 1 Pre revenue (NA) US Class 1 $51Bn 1 0 HYUNDAI $3.2Bn³ MAGNA STEYR L Pre revenue 1 10,000 (-$0.4Bn) US, UK Class 1 ΝΑ COX AUTOMOTIVE MAGNA STEYR $4.1Bn³ NIKOLA Pre revenue 1 14,600 ($10.2Bn) US, EU Class 7-8 $700Bn IVECO BOSCH $8.1Bn³ ⒸHYLIION Pre revenue 1 1,500 (-$0.3Bn) US, Canada Class 8 $94Bn DANA Sensata Technologies 3 $2.8Bn³ LORDSTOWN. Pre revenue 1 100,000 (-$5Bn) US Class 2 $65Bn GM GOOD YEAR WORKHORSE $4.2Bn³ Source: Capital IQ, Pitchbook, S&P Global Market Intelligence, Investor Presentations, Company Filings, Company Website and Public Sources. (1) Includes option to order additional 10,000 units. (2) Potential opportunities based on current agreements and advance pipeline, see slide: Strong and Diverse Customer Pipeline. (3) Canoo, Fisker, Nikola, Hyliion, and Lordstown market data as of February 1, 2021. Arrival valuation based on CIIG Merger Corp (NASDAQ: CIIC) and Rivian valuation based on estimated -$25 billion valuation in latest financing round in process reported in January 2021 and an additional $2.65 billion in funding raised subsequently from a group of investors led by T. Rowe Price Group Inc. (4) Primary market TAM. Canoo and Lordstown data from investor presentations. (5) Based on REE's average selling price and Frost & Sullivan Forecast 2030E TAM 16

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